Force Motors has received approval for issuance of Non-convertible Debentures (NCDs), up to Rs 500 crore, through private placement in one or more tranches, whether listed or not and whether secured or not, to such persons as may be identified by the Board, from time to time, in terms of Section 42 read with Section 71 of the Companies Act, 2013, read with relevant rules made there under and other applicable laws, subject to the necessary approvals of the Shareholders of the Company. The Board of Directors in its meeting held on January 11, 2020 has approved the same.
Force Motors is a Pune-based commercial vehicle maker. It is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.
